Coeur Mining Inc (NYSE: CDE) has seen a rise in its stock price by 12.21 in relation to its previous close of 4.34. However, the company has experienced a 29.18% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-04 that CHICAGO–(BUSINESS WIRE)–Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) announced today that Senior Vice President and Chief Financial Officer Thomas S. Whelan will present at Gold Forum Europe in Zurich, Switzerland on Wednesday, April 10, 2024 at 1:10 p.m. Central European Time. Gold Forum Europe is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com. About Coeur Coeur Mining, Inc. is a U.S.-based, well-.
Is It Worth Investing in Coeur Mining Inc (NYSE: CDE) Right Now?
Additionally, the 36-month beta value for CDE is 1.82. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for CDE is 379.77M and currently, short sellers hold a 5.44% ratio of that float. The average trading volume of CDE on April 08, 2024 was 6.86M shares.
CDE’s Market Performance
CDE stock saw an increase of 29.18% in the past week, with a monthly gain of 58.63% and a quarterly increase of 67.35%. The volatility ratio for the week is 9.97%, and the volatility levels for the last 30 days are 6.96% for Coeur Mining Inc (CDE). The simple moving average for the past 20 days is 38.85% for CDE’s stock, with a 75.46% simple moving average for the past 200 days.
Analysts’ Opinion of CDE
Many brokerage firms have already submitted their reports for CDE stocks, with BMO Capital Markets repeating the rating for CDE by listing it as a “Market Perform.” The predicted price for CDE in the upcoming period, according to BMO Capital Markets is $2.75 based on the research report published on November 03, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CDE reach a price target of $4. The rating they have provided for CDE stocks is “Outperform” according to the report published on September 22nd, 2023.
Canaccord Genuity gave a rating of “Buy” to CDE, setting the target price at $3.75 in the report published on July 24th of the previous year.
CDE Trading at 60.80% from the 50-Day Moving Average
After a stumble in the market that brought CDE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 4.84% of gains for the given period.
Volatility was left at 6.96%, however, over the last 30 days, the volatility rate increased by 9.97%, as shares surge +52.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.72% upper at present.
During the last 5 trading sessions, CDE rose by +29.18%, which changed the moving average for the period of 200-days by +65.65% in comparison to the 20-day moving average, which settled at $3.59. In addition, Coeur Mining Inc saw 49.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CDE starting from McGrath Aoife, who purchase 6,200 shares at the price of $3.23 back on Mar 15 ’24. After this action, McGrath Aoife now owns 207,308 shares of Coeur Mining Inc, valued at $20,020 using the latest closing price.
Watkinson Kenneth J, the VP, Corporate Controller & CAO of Coeur Mining Inc, sale 7,000 shares at $2.81 during a trade that took place back on Nov 27 ’23, which means that Watkinson Kenneth J is holding 134,051 shares at $19,684 based on the most recent closing price.
Stock Fundamentals for CDE
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.11 for the gross margin
The net margin for Coeur Mining Inc stands at -0.13. The total capital return value is set at -0.04. Equity return is now at value -10.83, with -5.28 for asset returns.
Based on Coeur Mining Inc (CDE), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is -2.69.
Currently, EBITDA for the company is 63.71 million with net debt to EBITDA at 7.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.89. The receivables turnover for the company is 27.0for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In conclusion, Coeur Mining Inc (CDE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
